By Fraser Institute —— Bio and Archives--September 14, 2023
VANCOUVER—If the federal government had self-imposed some meaningful spending restraint since 2015/16, it could have provided $18.7 billion of tax relief to Canadians while running a surplus of $4.6 billion this year (2023/24), finds a new study published by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“The cost of increased spending by Ottawa, largely paid for through additional debt is that Canadians have foregone any meaningful tax relief since 2015/16,” said Jake Fuss, director of fiscal studies at the Fraser Institute and co-author of Missed Opportunity: Federal Spending Increases Prevent Real Tax Relief for Canadians.
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